SAGA overview: the debut of SB-tokens in blockchain gaming?
Today our review will be different from many previous ones - it is not about another P2E but an ambitious infrastructure project that can unite the whole blockchain gaming industry and take it to a new level. Furthermore, with that project, we can see the first practical use case of Soul Bound Tokens (SBT) to create a Web3 gaming community.
The problem of P2E fragmentation
Blockchain gaming cannot exist as a separate market sector without basic infrastructure. Web2-gamers, for example, use Steam, which is used as a marketplace, a player profile, and a chat room. But blockchain gamers have nothing like that.
In contrast, blockchain gaming does not operate as a single ecosystem, so in each P2E, the player must grind to prove his reputation, farm tokens, and receive bonuses. Also, every project requires a new avatar and a new wallet. SAGA aims to overcome this fragmentation by building basic infrastructure for blockchain gamers. Similar to Steam, but for Web 3.
SAGA vision
SAGA is a decentralized gaming community aiming to develop a gaming infrastructure independent of traditional Web-2 platforms. Their objectives are to:
- bring players together in a single space;
- reward them and provide the opportunity to vote;
- connect with P2E projects;
- use cutting-edge Web3 technology.
SAGA has raised several million dollars to build a blockchain infrastructure that includes:
The Soulbound platform - is a "proof of play" platform in which players create a profile. In the world of blockchain gaming, the profile will serve as an ID, and most likely, it will operate as an SBT.
The player Assembly - is the DAO that will rule Soulbound. Members of the Assembly can vote on and influence community decisions, such as the payment of rewards, the purchase of assets in the metaverses, and other issues.
M-XP - points a user earns by playing the game. Therefore, they are not tradable and are only available for playing or participating in community activities. Players will gain access to closed activities/locations/content based on their M-XP.
Rewards - SAGA native token holders will receive rewards from staking and access to Soulbound locations and content in various games. SAGA will own NFT items that it can give away or raffle off as rewards.
Versatility - players can use the Soulbound profile to log in to various game projects integrated with the site. That is, there is no need to create a character from scratch every time.
Quests - Soulbound will allow integrated projects to publish rewarded quests (with M-XP rewards). The ability to create quests will also be available to guilds and individual players, but with "own" social tokens rewards.
Partners and investors
The SAGA project closed its seed round with $3.6M and has involved 16 investors, including:
Interestingly, the project also received investment from ecosystem partners like Highstreet. One of the investors even provided an adviser. Investors appear to have more than just a financial stake in SAGA.
Integrations
At the start, SAGA Soulbound will have 4 game projects that users can interact with through the platform:
Phantom Galaxies: SAGA will open limited access to raids, rewards, and giveaways through Soulbound.
Highstreet: SAGA will own and operate the exclusive Soulbound Sagalands island.
Influence: is an open-world space MMO strategy game where players own all of their content.
Big Time: is an AAA-level multiplayer online RPG in a dynamic sci-fi fantasy world.
Our conclusion
SAGA and Soulbound look really impressive. It is one of the large-scale infrastructure projects that can transform blockchain gaming. However, SAGA is still at an early stage of development, and the team has only the website. There is no information about the platform's technology or tokenomics.
However, until we have sufficient information to make decisions, we will closely monitor this project's progress.
Explore SAGA: